Pantheon Macroeconomics

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11th Mar 2025 11:16Emerging AsiaDaily Monitor

  • Retail sales growth in Indonesia sank in January as the pre-VAT-hike front-loading unwound.
  • The current recovery in consumer confidence—if it holds—points to 2% average sales growth in 2025…
  • …Faster growth will be hard to achieve, with spending already above-average in terms of income use.

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Keywords for: 13 March 2025 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence